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Western end of Orchard Road has potential: Report

OCBC Research points to gains from possible redevelopment, MRT station

Published on Jul 4, 2014 7:52 AM
 
Shares of HPL, which owns four adjoining properties in the area - Forum The Shopping Mall and HPL House (both above) as well as the Hilton Singapore and Four Seasons hotels - shot up 9.5 per cent yesterday. -- ST PHOTO: MATTHIAS HO

THE sleepy western end of the Orchard Road retail district has plenty of untapped redevelopment potential, and investors should keep an eye on firms that own these choice sites, OCBC Investment Research said yesterday.

The area stretching from Far East Shopping Centre to Tanglin Mall stands to gain from possible redevelopment plus the upcoming Orchard Boulevard MRT station, said analyst Eli Lee in a report.

Its value could also get a boost from an expected shortage of retail space in the main Orchard Road shopping district over the next few years.

The winners in all this could be the listed landlords whose "crown jewels" are in the area - Hotel Properties Limited (HPL), Wheelock Properties, Hong Fok and Bonvests, Mr Lee said.

 
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The area stretching from Far East Shopping Centre to Tanglin Mall stands to gain from possible redevelopment plus the upcoming Orchard Boulevard MRT station, said OCBC Investment Research analyst Eli Lee.

Its value could also get a boost from an expected shortage of retail space in the main Orchard Road shopping district over the next few years.

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